April 29, 2017 3:29 am

Two Of Jim Chanos’ Prodigies Are Starting Their Own Short Hedge Fund

Mike Monnelly and David Bonnier – two former analysts at Jim Chanos’s Kynikos – have started a new short hedge fund based in London, Bloomberg’s Bei Hu reports.  Bonnier joined Kynikos  in 2005. Monnelly joined in 2006. Their new enterprise – The Arhammar Short Alpha Fund – “will invest in 30 to 50 stocks which […]

Sears Shares Are Spiking After It Says It’s Considering Spinning Off Lands’ End (SHLD)

Shares of Sears Holdings are ripping with the stock last trading up about 10%.   The retailer put out a press release this morning detailing plans to transform the business. Sears says that it’s considering spinning off its Lands’ End business and Sears Auto Center business.   Here’s an excerpt from the release:  We are […]

Some Of Wall Street’s Brightest Investors Are Betting On Diddy’s New Cable Channel

Highbridge Capital’s private investment platform has become a minority partner in entertainment mogul Sean “Diddy” Combs’ latest venture to launch a music cable channel, according to the Wall Street Journal.  From the WSJ:  Mr. Combs is putting up much of the money for Revolt TV, but has a minority partner in a fund managed by Highbridge […]

Hedge Funds Are Shorting The Market Now More Than They Have All Year

According to reporting by Bloomberg, bearish bets by hedge funds have reached their highest level of the year.  After being squeezed on their shorts over the past four years as equities rallied, a potential crash this time could prove more profitable for hedge funds as “growth prospects are lower and valuations are higher.” The price-earnings ratio for […]

Futures Are Rising As Debt Ceiling Finish Line Finally Comes Into View

Futures are rising this evening. Here’s a chart from FinViz: The big news is that a plan by the House GOP to come up with its own debt ceiling bill has collapsed and the  Senate leaders are back to negotiating a deal. They’ve said they’re optimistic, and several reports say they’re close. If the Senate […]

Three Wall Street Strategists Explain What Investors Are Missing Right Now

  Today we’re at the Big Picture Conference, a day-long event put on by Ritholtz Wealth Management. Ritholtz’s Josh Brown just closed up a group of panelists (all Chief Strategists at their respective firms) with this question – what are investors missing from the big market narrative right now According to Brown, here’s what we think […]

LIVE: Thousands Of Companies Around The World Are Revealing The Truth About The Economy

HEADS UP: The world’s biggest economies will be releasing their September manufacturing PMI reports. And this is our scorecard. Today’s reporting action will kick off at 7:30 p.m. ET when Australia releases its PMI numbers. Already, we know that manufacturing activity is accelerating in China and Japan as signaled by their rising PMI numbers. Investors […]

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